FynnS

Elrond trying to find resistance

BINANCE:EGLDUSDT   EGLD / TetherUS
As of 02/11/21 21:00 EST EGLD is trying to find resistance in the 155-160 range. It has had a massive run up this past week. Why you ask, well I think this is do to many people finding out about there staking and delegation rewards which tends to be very high. I am not a financial advisor take everything thing I say as a grain of salt. In the chart you can see 2 support lines, EGLD is currently riding the first support line but has not indicating any type of reversal, so I am monitoring for a potential entry around 130. I am looking at 130 as a potential entry because we seemed to find some resistance there on the way up, so we could see some support on the way down if we continue downward. This is a risky play for the short term do to the massive run up we have seen it is hard to tell where support will be found. In the long term I am mega bullish do to this being an absolute solid project. As always do your DD, happy trading :)
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